Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (25617)	12/28/2006 4:05:11 PM
From: epicure	Respond to of 78670

I am starting with VLO today too. Have also added some coal to my portfolio- ANR and BTU (I like the news on new coal plants for the West). Have a position in WEL also- sub 2.

To: Spekulatius who wrote (25617)	1/5/2007 1:14:39 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78670

VLO - added some more VLO today. it looks like I have the opportunity to establish a full position during the next few days. Some folks are talking about bargains in the energy sector. I do not think we are there yet. Most stocks are still above the October level (in particular the better names) but fundamentals in terms of pricing look worse to me. In particular I think that many NG stocks trade at or even slightly above NAV (CHK, EOG )and are not able to create shareholder value by drilling due to high service costs. Look at CHK, they are spending 25% more (despite their hedging gains) than their cash flow, issuing steady flood of debt and shares. Earnings forecasts for 2007 are below 2.50/share assuming no major changes in NG prices. Energy aside the markets are very boring. I am sitting with 50%+ cash around in my trading portfolio turning my thumps.

To: Spekulatius who wrote (25617)	1/8/2007 4:36:24 PM
From: Paul Senior	Respond to of 78670

Spekulatius/Carl Worth: I'll take a little RTWI here also. A percentage game to me: Buying insurance companies below stated book value, hoping the ones that will turn around and trade above b.v. will do better than the ones that don't turn around. In the past couple of years this has worked. OTOH, I have had a period (around 1999-2001)where a couple went bk. too.